Topic: Silk road-founder-ross-ulbricht-predicts-bitcoins-price-falling-to-3200 - page 2. (Read 341 times)

Does the mention of his name make the prediction more credible?

These days we can see predictions left and right. But the common characteristic among all of them is that they are all speculations. These are all guesses. Ross Ulbricht's guess is no better than mine or yours.

Why would we even have to consider this mans opinion on the state of the BTC market. It's only 1 - 2 months wait though, can't wait to see how his predictions fail quite miserably. Why is he even commenting on BTC though, he should just honestly spend his time peacefully in prison. He's basically just asking for a commotion and attention right now, that or those news agencies have nothing to report on hence, they pulled this out of nowhere. Besides, the crash that happened in march can mostly be attributed in the market panic due to various factories closing down and the like. It basically affected not only the stocks market but also the cryptomarket.

That's interesting to see that this guy is spending prison time by analysing bitcoin price. I don’t wanna waste my time by following prediction like this where someone delivering predictions through his lawyers rather than wasting time for reducing own prison sentences. A man who is out of all connectivity is giving bitcoin price prediction from prison and we have to believe that,,huh . Most probably he is just trying to draw crypto communities attention to him where possibilities of getting political or economical help from someone to get bail is the real intention.

Lots of people have simillar wish to see their faces on crypto related blogs & news releases. From that wish they always try to shake crypto world by giving baseless prediction about bitcoin where 90% of their prediction gone wrong and rest 10% is part of the game.    

Actually in all honesty I think many will be ready and waiting to see that price, am sure those who bought during the previous dip to 3400 are very much happy they bought, well except for those who bought at the top,
In my opinion, let it fall, I believe it won't stay on that price for too long, btc has fallen severely and still rise to the occasion, am not worried, just hoping it will hit that predicted low price.
Happy Halving!

His is not reliable to make such prediction that may believable because he had already lose His reputation in Cryptospace.

Though we are not in Good market shape now yet we are still in Good faith because the virus is slowly slowing the spread and also Halving is coming.

and also can't we just ignore message from unreliable people?because for me this only add bad effect and views for crypto users and most specially to those looking for entering investing again.

That was the case even i was thinking.

If he was that great in predicting the future he would be sitting at home and having a good life rather than rotting in prison .

The miners will hold on to it for a while before shutting down, there were times when they were mining at a loss during 2014 and 2015 and we know what happened historically. Even if we see a crash the market will always recover.
 

If the price goes according to his prediction I will fill my bags and wait patiently until it turns green, I am not sure how these so called analyst are predicting.

Look a like he's an another John McAfee, I agree the BTC value might drop after Halving because the majority are waiting to sell their asset in a good price as this COVID-19 is still going and the lockdowns are in progress most of them might sell but this doesn't mean the value will go till 3.5k. I will just hold my asset for now I don't want to believe anyone..

I look forward to accumulating within the 3.5k to 3k range if the price will get there. I'll DCA from 6k though.

Probably because he is in prison. He has a lot of time to go through many things and makes speculations and prediction. He is not different from others speculating and consider the recent fall in price of bitcoin, he might be right but not until it happens nobody will believe him

Not directly though but through his lawyer, Ross Ulbricht passes written notes to his lawyer but before that the lawyer will change/edit some words for him not to have any legal issues. As on how Ross can analyze charts you can see that the lawyer might have given him printed copies of Bitcoin's latest chart where he can do his analysis by paper and then later on be scanned by them. As for his analysis I don't know why he is analyzing Bitcoin's chart on a long term period, from 2012-2019, since we all know that makes anyone's analysis for Bitcoin more inaccurate given that we are on a volatile market we really don't know where Bitcoin will be headed not unless we look at charts on a shorter time frame.

This is only true if:
-Ross is a world class technical analyst
-Ross is as an expert trader
-A fall in March is really a crash in Bitcoin not a false panic following a stock market crash.

None of the above is true so his analysis is nor worth my time.

He doesn't have internet access. He probably told the information in the article to a friend, during a prison visit, who subsequently wrote it on Medium and controls the Ross Ulbricht account there. Same with "his" twitter account.

Don't expect rise, my instinct told me it will fall and disappoint many people. The fall might hit 3k. This is not fud, but my observations.

Is Ross Ulbricht using Medium from Prison?

Anyway, just like John McAfee, Ross also lost his relevance from crypto market. God bless your wealth if you believe a dark web drug dealer can predict about the future of the bitcoin price.

Bitcoin can't see an abrupt drop now at this point. If it happens, it will be a total massacre because all mining operations will be forced out of business and bitcoin network will become unusable!

https://www.cryptoglobe.com/latest/2020/04/silk-road-founder-ross-ulbricht-predicts-bitcoins-price-falling-to-3200/


Ross Ulbricht predicts the price of bitcoin will fall to $3200 in 2020.
Ulbricht says bitcoin's impulse bull cycle is officially over following Mar. 12's market crash.

Silk Road Founder Ross Ulbricht predicts the price of bitcoin could fall to $3,200 over the next year.

Ulbricht, who is serving two life sentences in prison without the possibility of parole for his role in founding the dark web marketplace Silk Road, published a Medium post on April 11 giving his prediction for bitcoin’s price in 2020.

Ulbricht previously wrote in December 2019 that a drop below $4,200 would invalidate the impulse market for bitcoin and bring an end to the bullish cycle. Ulbricht claims his prediction was validated following Mar. 12’s cryptocurrency market crash, during which the price of BTC fell as low as $3,600.

He wrote:

"The cycle-degree bull market — from Bitcoin’s beginning to the ~$20,000 peak of late 2017 — is over. We are now in the last wave… of Bitcoin’s first cycle-degree bear market (the largest yet).

Ulbricht anticipates the bear cycle for bitcoin beginning around June or July 2020, with the currency potentially falling to $3,200.

He continued:

"A break below the major low of $3,200 will be a solid confirmation of this, at which point we will be trying to determine when the final low is in. This will be a major buying opportunity.

Ulbricht claimed that a price rise above $14K would invalidate his bearish scenario and require a re-evaluation of the market. However, he wrote that scenario would be “very unlikely.”


Is this scenario likely?